MNI: PBOC Net Drains CNY280.3 Bln via OMO Tuesday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY38.2 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net drain of CNY280.3 billion after offsetting the maturity of CNY318.5 billion today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.6362% at 09:38 am local time from the close of 1.8599% on Monday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 42 on Monday, compared with the close of 45 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.